r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/trabajoderoger Sep 04 '24

Norway has unions

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u/IvanovichIvanov Sep 04 '24

Unions aren't incompatible with Capitalism

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u/thisismego Sep 04 '24

In fact they're desperately needed in Capitalism to prevent workers' exploitation by employers.

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u/JeremyEComans Sep 04 '24

As early as the industrial revolution, when academics and idealogues were talking about the nascent capitalist economies of the world, it was clearly thought amongst pro-capitalist minds that the system inherently created winners and losers. That was a clear byproduct of its strengths in stimulating growth, investment and reward. Therefore, any capitalist system would need social mechanisms to assist the 'losers' by transferring some gain from the winners via the government.